Adam Constantine on MLK Jr.’s impact on housing equality

During the interview, Constantine explains why the industry needs to focus on evoking intentional change rather than launching lackluster initiatives.

Navigating capacity concerns amidst record-high volumes

High loan volumes continues to loom large in the new year, making the “one-stop-shop” approach to the servicing and lending process even more appealing.

How servicers continue to protect neighborhoods amid COVID

We spoke with MCS CEO Caroline Reaves about self-service technology, the shift to virtual and how servicers can prepare for post-COVID success by improving processes today.

How student loan debt impact homeownership

Student loan expert Catalina Kaiyoorawongs shares her practical and tangible advice for people who feel overwhelmed by their student loan debt.

Mortgage

More Americans now saying itÕ a good time to buy a home

Housing sentiment edges up in March

Americans are beginning to feel more confident in the housing market as an increased share says now is a good time to buy a home, according to the latest Fannie Mae Home Purchase Sentiment Index.

The HPSI increased by 2.5 points in March to 88.3, reversing February’s decrease of 3.7 points to 85.8. The increase can be attributed to a rise in three of the six HPSI components.

The net share of Americans who said now is a good time to buy a home increased 10 percentage points to 32% in March. The net share of those who said now is a good time to sell a home also increase, rising three percentage points to 39%, matching the survey high seen in June.

“The HPSI’s recent run of volatility continued in March, as it recovered last month’s loss and remained within the five-point range of the past twelve months,” said Doug Duncan, Fannie Mae senior vice president and chief economist.

The net share of Americans who said they expect home prices to go up in the next 12 months decreased three percentage points in March to 42%, while the net share who said mortgage rates will go down increased five percentage points to -52%.

When looking at job security, Americans did not change their outlook, and the share of those who say they are not concerned about losing their job remained flat in March at 71%. The share who reported their income is significantly higher than it was 12 months ago also remained unchanged at 17%.

“The primary driver of this month’s increase was the sizable rise in the net share of consumers who think it’s a good time to buy a home, which returned the indicator to its year-ago level,” Duncan said. “On the whole, a slight majority of consumers continue to express optimism regarding the overall direction of the economy.”

Most Popular Articles

CFPB Director Kathy Kraninger resigns at Biden’s request

Consumer Financial Protection Bureau Director Kathy Kraninger announced Wednesday she is resigning from her post at the request of President Joe Biden’s administration.

Jan 20, 2021 By

Latest Articles

HousingWire Lead Analyst featured on Bloomberg Radio

Logan Mohtashami doesn’t think rising home prices will lead to a market crash. Listen to his interview on Bloomberg Radio hosted by Paul Sweeney and Vonnie Quinn.

Jan 23, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please